Summer ET AA atomheducation.com How 5 Check my were Exercise 8-7 Cash Budget (LOB-8) Garden Depot is a reader that is report budget for the year Management has prepared the figury of budgeted ca Pows Total cash receipts Totat cu disbursements tarter 5220,000 $370,000 $250,00 5210 5210 The company's beginning cash balance for the upcoming year will be $28,000. The company requires a um cash balance of $10.000 day borrow any amount needed from a local banka interests of 3 The company may bonow any amount at the beginning of any Quarter and may repay its loans, or any part of its loans, at the end of any quarter interest payments are on any principal at the time it is repaid. For simplicity assume that interest is not compounded Required: Prepare the company's cash budget for the upcoming fiscal year (Cash deficiency, repayments and interest should be indicated by a minus sign) Garden Depot CashBuget 1st Out Ind Guarner Indo Deginning cash batan Total cash Totalchable Total cash borsements Excess deficiency of cash available over disbursements Borrowings Repayments Inst Summer ET AA atomheducation.com How 5 Check my were Exercise 8-7 Cash Budget (LOB-8) Garden Depot is a reader that is report budget for the year Management has prepared the figury of budgeted ca Pows Total cash receipts Totat cu disbursements tarter 5220,000 $370,000 $250,00 5210 5210 The company's beginning cash balance for the upcoming year will be $28,000. The company requires a um cash balance of $10.000 day borrow any amount needed from a local banka interests of 3 The company may bonow any amount at the beginning of any Quarter and may repay its loans, or any part of its loans, at the end of any quarter interest payments are on any principal at the time it is repaid. For simplicity assume that interest is not compounded Required: Prepare the company's cash budget for the upcoming fiscal year (Cash deficiency, repayments and interest should be indicated by a minus sign) Garden Depot CashBuget 1st Out Ind Guarner Indo Deginning cash batan Total cash Totalchable Total cash borsements Excess deficiency of cash available over disbursements Borrowings Repayments Inst